Ingersoll Rand Inc
IR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$18.00 | Jvgmy | Xmkscrvy |
Ingersoll Rand Earnings: Strong Organic Revenue Growth Drives Full-Year Guidance Raise
Narrow-moat-rated Ingersoll Rand reported strong first-quarter results, featuring a 33% year-over-year increase in adjusted EPS, from $0.49 to $0.65. We've increased our fair value estimate to $65 from $63, which reflects our slightly more optimistic revenue growth projections and time value of money. We see the name as modestly undervalued, with shares currently trading in 4-star territory.